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1220 N Formosa Ave
Los Angeles, CA 90046
Multifamily Property For Sale
·
10 Units
Investment Highlights
- 100% of April’s Rent has Been Collected
- Light Renovations to 8 Units, Providing Low Maintenance Opportunity With Value Add Potential!
- Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today’s Market.
- Approximately 30% in Rental Upside Through Renovation - a True Value-Add Opportunity.
- Property Includes On-Site Parking (10 Spaces) and Laundry Facilities for Tenants.
Property Facts
| No. Units | 10 | Building Size | 8,902 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.6/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | R3C | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 8,902 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | R3C |
Amenities
Unit Amenities
- Balcony
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+1 | 2 | - | 900 |
| 2+2 | 4 | - | 1,100 |
Property Taxes
| Parcel Number | 5531-008-019 | Improvements Assessment | $649,458 |
| Land Assessment | $2,512,324 | Total Assessment | $3,161,782 |
Property Taxes
Parcel Number
5531-008-019
Land Assessment
$2,512,324
Improvements Assessment
$649,458
Total Assessment
$3,161,782
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